With these changes come a degree of uncertainty, and free financial advice on pensions post retirement has now taken on a whole new complexion, we only need to take a look at Australia where similar pension freedom rules were introduced around 1995 with almost 40% running out of money before aged 75. (telegraph.co.uk, Katie Morley 03/05/2015). Many believe that individuals were running up debt before the access age of 55 in the knowledge that their lump sum would pay it off, but in effect not taking into account the reduction in fund value.